Billy000
Democratic Socialist
- Nov 10, 2011
- 32,083
- 12,827
Only to those who need it.
See when the Great Recession was in full swing, Obama was smart enough to understand that if millions of people lost their jobs against their will, they needed a safety net. That meant extending unemployment benefits as a part of his stimulus package. What republicans were too dumb to understand is that those lost jobs were GONE. They didn't go to anyone else. That means those millions of people were hopelessly unemployed.until NEW jobs could be created. Fortunately, the extension of those benefits had another function. It created a stimulus that actually helped to create jobs. People are broke when they lose their jobs. So when they received those benefits, it allowed them to spend money they wouldn't have had otherwise. That means they spent it IMMEDIATELY on essentials like food, clothing and shelter. This prompt boost in consumer spending created economic growth in the market and therefore JOBS.. This, in addition to a big tax cut for the middle class and expansion of food stamps for the very poor created 3 million private jobs. GDP from the stimulus package alone went up 2%.
Why Unemployment Benefits Are the Best Stimulus
CBO: Stimulus added up to 3.3M jobs
Was the Obama Stimulus a Success or a Failure?
Businesses don't do better with ridiculous tax cuts for the wealthy corporations as republicans would like you to believe. Why? Because it's just easier for business owner(s) to keep the money they save for themselves rather than invest it for the greater good of the economy. We know this doesn't work because otherwise Bush's huge tax cuts would have been able to prevent the great recession from even happening. Obviously that didn't happen. Republicans are stupid.
See when the Great Recession was in full swing, Obama was smart enough to understand that if millions of people lost their jobs against their will, they needed a safety net. That meant extending unemployment benefits as a part of his stimulus package. What republicans were too dumb to understand is that those lost jobs were GONE. They didn't go to anyone else. That means those millions of people were hopelessly unemployed.until NEW jobs could be created. Fortunately, the extension of those benefits had another function. It created a stimulus that actually helped to create jobs. People are broke when they lose their jobs. So when they received those benefits, it allowed them to spend money they wouldn't have had otherwise. That means they spent it IMMEDIATELY on essentials like food, clothing and shelter. This prompt boost in consumer spending created economic growth in the market and therefore JOBS.. This, in addition to a big tax cut for the middle class and expansion of food stamps for the very poor created 3 million private jobs. GDP from the stimulus package alone went up 2%.
Why Unemployment Benefits Are the Best Stimulus
CBO: Stimulus added up to 3.3M jobs
Was the Obama Stimulus a Success or a Failure?
Businesses don't do better with ridiculous tax cuts for the wealthy corporations as republicans would like you to believe. Why? Because it's just easier for business owner(s) to keep the money they save for themselves rather than invest it for the greater good of the economy. We know this doesn't work because otherwise Bush's huge tax cuts would have been able to prevent the great recession from even happening. Obviously that didn't happen. Republicans are stupid.
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